News

Insurance

Argo unit Colony Specialty appoints new casualty leader

Bermuda-based excess and surplus (E&S) lines carrier Colony Specialty, a member of Argo Group International Holdings, has appointed Jeff Canfield to serve as head of casualty.   12 September 2018

Insurance

Universal to pass hurricane Michael loss to reinsurers

Florida-based Universal Insurance Holdings is passing the expected $300-350 million gross losses and loss adjustment expenses from hurricane Michael almost entirely to its reinsurance panel.   25 October 2018

Insurance

Chubb reveals new risk management, global A&H leaders

Property/casualty insurer Chubb has named Keith Higdon as president of ESIS, the company's risk management solutions division, and Joe Vasquez as new head of global accident and health insurance business.   25 October 2018

Insurance

Cyclone Burglind (Eleanor) costs insurers €643m

Extratropical cyclone “Burglind”, also known as “Eleanor” caused insurers property losses of €643 million, according to estimates by insurance data provider PERILS.   13 February 2018

Insurance

Aon appoints Goldman Sachs exec to new global leadership role

Broker Aon has appointed Goldman Sachs' Joel Sulkes as global financial institutions leader, based in New York.   28 August 2018

Insurance

Gallagher expands in Indonesia, Singapore with IBS stakes

Broker Arthur J Gallagher has acquired a 40 percent equity stake in Indonesian insurance broker and risk management services provider PT IBS Insurance Broking Service, as well as 100 percent of reinsurance broker IBS Re Singapore.   3 December 2018

Insurance

EXIN settles Calamos dispute

Dutch EXIN Group has settled all pending litigation and disputes with US investor Calamos Family Partners.   26 June 2018

Insurance

Fosun vice president becomes Peak Re chairman

Fosun International vice president Li Tao has been appointed as chairman of the board of directors of Hong Kong-based Peak Reinsurance Company.   15 August 2018

Insurance

IAG grows insurance profit by 11% in 2018 FY

Insurance Australia Group (IAG) has increased insurance profit by 10.8 percent year on year to A$1.41 billion ($1.02 billion) in its 2018 financial year on lower expenses.   15 August 2018

Insurance

Tokio Marine invests in Allianz-backed insurtech Simplesurance

Tokio Marine Holdings has made a strategic investment in German insurtech firm Simplesurance (SISU) through its wholly owned subsidiary, Tokio Marine & Nichido Fire Insurance.   2 October 2018

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